Trustpilot Group (LON:TRST) Stock Price Down 31.9% – What’s Next?

Shares of Trustpilot Group plc (LON:TRST) traded down 31.9% during mid-day trading on Thursday . The company traded as low as GBX 125.80 and last traded at GBX 129.20. 45,591,195 shares traded hands during mid-day trading, an increase of 1,126% from the average session volume of 3,718,377 shares. The stock had previously closed at GBX 189.70.

Wall Street Analysts Forecast Growth

TRST has been the subject of several recent analyst reports. UBS Group restated a “buy” rating and set a GBX 400 target price on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their price target on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a report on Tuesday, September 16th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Trustpilot Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Stock Up 10.0%

The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16. The stock has a 50-day simple moving average of GBX 198.91 and a two-hundred day simple moving average of GBX 220.47. The firm has a market cap of £573.87 million, a PE ratio of -1.20 and a beta of 1.02.

Trustpilot Group declared that its Board of Directors has approved a share repurchase plan on Tuesday, September 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Trustpilot Group

In other Trustpilot Group news, insider Zillah Byng-Thorne purchased 108,116 shares of the stock in a transaction on Thursday, December 4th. The stock was acquired at an average cost of GBX 138 per share, with a total value of £149,200.08. Also, insider Adrian Blair purchased 74,300 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were acquired at an average price of GBX 201 per share, with a total value of £149,343. In the last ninety days, insiders acquired 276,294 shares of company stock worth $49,244,233. 17.83% of the stock is currently owned by insiders.

About Trustpilot Group

Trustpilot began in 2007 with a simple yet powerful idea that is more relevant today than ever — to be the universal symbol of trust, bringing consumers and businesses together through reviews. Trustpilot is open, independent, and impartial — we help consumers make the right choices and businesses to build trust, grow and improve.

Today, we have more than 300 million reviews and 67 million monthly active users across the globe, with 127 billion annual Trustpilot brand impressions, and the numbers keep growing.